Hillary Brands seeks $2.9m

Alex Hillary, grandson of Sir Edmund Hillary, walks the runway during the Edmund Hillary show during last year's New Zealand Fashion Week in Auckland. Photo: Getty Images
Alex Hillary, grandson of Sir Edmund Hillary, walks the runway during the Edmund Hillary show during last year's New Zealand Fashion Week in Auckland. Photo: Getty Images
Lifestyle clothing company Edmund Hillary Brands - which has a retail presence in Queenstown - hopes to raise up to $2.9 million in a capital-raising initiative.

The company was seeking investment through equity fundraising platform Crowdcube to support international expansion and launch a women's range.

There had been an ''overwhelming'' response to its first collection which was launched last year, chief executive and co-founder Mike Hall-Taylor said in a statement.

It wanted to maintain the momentum and capitalise on opportunities in the United Kingdom, United States, China and Australia while also meeting demand for a women's range.

First-year successes included a global launch at New Zealand Fashion Week, securing retailers in high-end tourism ''hot spots'' such as Queenstown and Auckland International Airport and opening its first flagship store at Queenstown Airport, along with strong online sales.

The business was co-founded with the Hillary family and garments were inspired by the classic styles worn by Sir Edmund Hillary's expedition during the successful 1953 ascent of Mt Everest, but with a modern edge.

A partnership with a Chinese e-commerce and distribution company would mean a store launch on one of China's largest e-commerce platforms, an opportunity aimed at capitalising on China's rapidly growing winter sports market before the 2022 Beijing Winter Olympics.

The minimum investment had deliberately been kept at $23 to be more accessible to interested New Zealanders, Mr Hall-Taylor said.

Investor rewards ranged from discounts on online purchases, through to clothing for medium-sized investors and a special collection preview evening with the Hillary family for top investors.

Comments

Perhaps they could rescue and use Ellis Fibre who it seems provided clothing for the expedition - there is an original jacket in Toitu.